Being prepared for tax season is part of life for the business professional but let’s face it, there are not many people on the face of this planet that legitimately enjoy prepping to pay their business taxes. There are plenty of people who spend tax time sifting through piles and piles of paper, hoping that they’ve found everything or hoping that their tax professional doesn’t hate them after they bring in a shoebox stacked with papers. Small businesses are labor-intensive enough without having to keep track of all of the paperwork that comes with it, but that’s no excuse! When you get a solid organizational system put into place, you can rest assured that you’ll breeze through every tax season with very little hassle.

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There’s a popular saying that goes like this, “Only two things are certain in life, death and taxes.” Yes, everyone must pay taxes, which may appear burdensome to most people, but if you have knowledge about the way the tax system works, you can easily qualify for substantial tax relief. It could be that you’re operating a business, or you are the owner of a commercial property that qualifies for capital allowance claims. A lot of owners assume that their accountants are going to start working on the claims automatically, but the reality is that, if you’re not efficient about it, you’ll be paying more money that you need to.

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Tax season is rapidly approaching, and according to the Internal Revenue Service, the last day to file your 2018 taxes is April 17^th. However, because of certain changes caused by the tax reform bill President Trump signed into law in December of 2017, you may not be sure how to proceed with filing or how these modifications could affect you. If you plan to file jointly with your spouse and have children, there are several benefits to the new tax laws that might surprise you.

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Paying taxes in the United Kingdom (UK) is one of the few certainties in life. There’s also a lot of uncertainty around it, as people tend to struggle with what’s expected of them. Therefore, being armed with the right knowledge, can make taxpaying and filing self-assessment returns, a far less intimidating experience. And if you happen to live in Leeds, you may remove tax-related stress completely by finding accountants in Leeds to help you with all your tax matters. Here are a few hints that could assist you with managing your tax return online, and also how hiring an accountant may help.

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One of the biggest overhead costs for any business, large or small, is their business rates as this can be around 50% of the annual rent on a commercial property! The tax system is extremely complicated and for many business owners, they would simply rather pay someone to take care of the business rates management and leave them to focus on the day to day running of their business. By doing this, you will ensure that you are not missing out on reduced business rates and other opportunities to save some cash. Below, we have listed a few of our top business rates tips that you can try and implement to save some cash!

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